Funding you earn now, next payment 22:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.064%
Price spread now: Hyperliquid against Coinbase International−0.013%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.405%−$41 on $10k
+Price spread, last 3 days (all we have)−1.237%−$124 · spread now −0.013%, 7d avg −0.103%
=Together, before fees−1.642%+ Points / potential airdropHyperliquid: Season 2 · farm board−$164 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.090% dearer against Coinbase International than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.103%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APT-PERP-INTX | 0.7885 | 0.0288 | pay 0.0036% / 1h | 12m 19s | $209K | $560K | 50x |
| Short | Hyperliquid APT | 0.7884 | 0.0100 | get 0.0013% / 1h | 12m 19s | $5.9M | $5.2M | 10x |
Coinbase International APT-PERP-INTX
Hyperliquid APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.48
- Price spread: −0.013% → −0.103%
- $9
- Slippage, 4 orders
- −$51.11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$100.6
- Costs to cover
- 0.701%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 6 min ago; Hyperliquid: live order book, 10 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, 6 min ago | 9.56 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.27 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
APT on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0464% | 1h | 0.7852 | −0.419% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0422% | 1h | 0.7875 | −0.121% | $543K | $635K | 50x | as long as short |
| Variational Omni APT | −0.0069% | 8h | 0.7851 | −0.437% | $615K | $214K | — | as long as short |
| Injective APT/USDC PERP | −0.0033% | 1h | 0.7780 | −1.332% | $2K | $241K | 12x | as long as short |
| Orderly PERP_APT_USDC | −0.0019% | 8h | 0.7875 | −0.127% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7876 | −0.114% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7877 | −0.101% | $7K | $387K | 50x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7871 | −0.178% | $431K | $351K | 10x | as long as short |
| Hyperliquid APTshort | +0.0100% | 1h | 0.7884 | −0.013% | $5.9M | $5.2M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7883 | −0.020% | $306K | $465K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Injective APT/USDC PERP
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Lighter APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7870 | −0.193% | $29.0M | $97.4M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7873 | −0.152% | $29.5M | $35.5M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7881 | −0.051% | $6.2M | $23.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7874 | −0.140% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7878 | −0.089% | $28.6M | $14.6M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7865 | −0.254% | $5.5M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7874 | −0.140% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7876 | −0.114% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7873 | −0.152% | $198K | $366K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7850 | −0.444% | $65K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7867 | −0.228% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7874 | −0.140% | $78 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7865 | −0.254% | $266K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7870 | −0.189% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7875 | −0.131% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7874 | −0.136% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7862 | −0.292% | $1.5M | $789K | 75x | as long as short |
| Coinbase International APT-PERP-INTXlong | +0.0288% | 1h | 0.7885 | long leg | $209K | $560K | 50x | |
| Reya APTRUSDPERP | +0.0468% | 1h | 0.7877 | −0.098% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0848% | 1h | 0.7868 | −0.216% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Reya APTRUSDPERP
dYdX APT-USD